The majority of altcoins are seen to be in the consolidation phase, including retesting support levels. At the same time, investors are becoming optimistic with the movement of these three currencies following the latest project.
Cardano (ADA)
The price of ADA tokens jumped 624% from $ 0.165 to a high of $ 1.20 starting in early 2021 until February 20, before a correction caused the ADA to drop to a low of $ 0.80.
Then the ADA price recovered with a jump to 30% ($ 1.05) as members of the Venus Protocol community approved a proposal to bring the ADA into the Venus mainnet.
Polygon (MATIC)
Starting February 9, the Matic network was introduced as Polygon as one of the strategic changes to become a two-tier aggregator, thus becoming a competitor to Polkadot with the objective of developing interoperability protocols.
The rebranding helped the MATIC price rise to $ 0.197 from $ 0.07 before slightly declining to $ 0.111 on 23 February. MATIC recovered with a 62% jump with a trading price of $ 0.16.
Stacks (STX)
STX is a one-layer blockchain solution designed to bring smart contracts and non-centralized applications to Bitcoin, seeing an all-time high (ATH) of $ 1.17 with a recorded trading volume of $ 166 million.
The upcoming project transforms STX into an investor hunt and at the same time STX owners can join bets from the Stack wallet and receive BTC rewards.
At the time of writing, the three currencies are trading on:
ADA: up 6.3%, to $ 1.05
MATIC: up 17.18%, to $ 0.17
STX: up 33.48%, to $ 1.13
